NTT DOCOMO partners KT Corporation for cross-border e-money service

Japanese mobile operator, NTT DOCOMO, is partnering with South Korean telecom operator, KT Corporation, to develop a cross-border e-money service (view press release). The new service will allow DOCOMO customers with compatible smartphones purchased in Japan to use a prepaid e-money service dubbed Cashbee in South Korea.

Since February of last year, the companies have been working together to explore opportunities for seamless cross-border mobile services using smartphones. They plan to deploy a new system to enable this and other cross-border NFC services between their two countries by the end of the first half of fiscal 2013 ending in March 2014. They will then consider the deployment of other NFC-based cross-border services, such as mobile payments, promotional coupons and mass-transit ticketing.

PaymentEye_BTF_MPU_300x250

Most Popular

Michael Cocoman, International Regulatory Lead at Stripe, considers the impact of PSD2 on marketplace platforms in Europe and Stripe’s solution to shoulder the regulatory burden so platforms can focus on running their online businesses.